Fesenmeyer v. Salt Springs Nat. Bank

CHASE, Circuit Judge.

This action was brought by the plaintiffs as the sole beneficiaries of a trust of which the Salt Springs National Bank of Syracuse, N. Y., organized and existing as a corporation under the National Bank Act (12 U.S.C.A. § 21 et seq.), but now in process of liquidation, was the trustee to assert a lien upon a fund in the hands of the superintendent of banks of the state of New York.

The Salt Springs National Bank had before August 20, 1930, been duly authorized to act as a fiduciary under the provisions of 12 U.S.C.A. § 248 (k), when on that day it entered into an agreement…